Week of October 29th Stock Watch
Stocks continued to sell-off, as the Dow and S&P 500 turned negative for the year. Fears of rising interest rates, trade tensions with China, and economic slowdown are all weighing down on stocks.
Plenty of earnings going into the week including Apple and Facebook. The market was disappointed by earnings from Amazon and Alphabet, putting pressure on tech stocks.
It wasn’t bad news for every stock. For example, Tesla saw its shares rise by more than 27% after a strong earnings report. On the other hand, chipmaker AMD continued to see selling pressure as it dropped by more than 25% on the week.
The VIX closed above 24, as volatility remains elevated.
Economic Releases:
29 Oct 2018- Personal Income and Outlays 8:30 AM ET
31 Oct 2018- EIA Petroleum Status Report 10:30 AM ET
1 Nov 2018- Jobless Claims 8:30 AM ET; ISM Manufacturing Index
2 Nov 2018- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET
Key Earnings:
29 Oct 2018- BAH, BLMN, CTB, FDC, HSBC, WFT, YNDX, AKAM, CLR, MDLZ, RMBS, VNO
30 Oct 2018- AET, AMT, CVLT, EAT, GE, HCA, HUN, I, INCY, KO, LL, MA, MAS, MSM, SABR, PFE, UA, VW, WDR, XYL, APC, CAKE, CXO, DDD, EA, EBAY, FB, FEYE, FLT, GNW, H, HLF, MGM, MOBL, MX, YELP, YUMC, ZEN
31 Oct 2018- ADP, APO, BG, CLX, CRTO, GNC, HES, HES, JBT, ICE, HFC, K, S, SAN, TAP, CF, FIT, MUSA, NXPI, QRVO, WMB, XPO, ZNGA
1 Nov 2018- AVP, CI, CS, MSG, OSK, SFM, SSYS, TEVA, UFS, W, ZTS, AAPL, CATM, CBS, CRUS, EQIX, GPRO, KHC, MELI, OLED, PBYI, SBUX, SHAK, VIAV, WTW, WU, X
2 Nov 2018- ABBV, AXL, BABA, CBOE, CVX, NWL, OZM, STX, XOM
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